Asked by Joshua Waterman on May 06, 2024
Verified
Gross national income consists of GDP
A) minus net consumer spending.
B) plus government spending on international trade.
C) minus purchasing power parity.
D) plus the net income earned from investments abroad.
E) plus gross domestic international investment.
Gross National Income
The total domestic and foreign output claimed by residents of a country, including wages, salaries, and capital gains.
Investments Abroad
Financial allocations made by individuals or corporations in foreign countries, intended to achieve profits or strategic objectives.
- Comprehend essential principles within international marketing and economic contexts.
Verified Answer
VA
Valeria AlpizarMay 10, 2024
Final Answer :
D
Explanation :
Gross National Income (GNI) is the total income earned by a country's residents and businesses, regardless of their location, while Gross Domestic Product (GDP) measures the total economic output within a country's borders. GNI takes into account the net income earned from investments abroad, which is why the correct answer is D. The other choices are incorrect as they do not accurately describe GNI.
Learning Objectives
- Comprehend essential principles within international marketing and economic contexts.
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